I thought it could have just been my player. All the reviews I read (even on Amazon) were rating the Lplayer as a great player. The form factor and aesthetic appeal is superb but there are too many flaws to disregard.
I agree the sound is boring. I would have used the word flat, but same thing. I have a pair of UE Super.fi 3 and those are pretty balanced earphones. I could have got the Clix 2 for like $10 more. I can't return it because I'm in Canada and I ordered these from the states. I'm pretty sure they don't even sell these in Canada.
I'm still going to continue using it though. I'll switch back to my iPod once I get bored. For a sub $100 player, I think a 4GB Creative Zen looks good.